A nnuity D istrib utio ns - Fidelity
A nnuity D istrib utio ns - Fidelity
A nnuity D istrib utio ns - Fidelity
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Understanding Your<br />
2008 Form 1099-R<br />
A<strong>nnuity</strong> D<strong>istrib</strong><strong>utio</strong><strong>ns</strong>
2008 Form 1099-R A<strong>nnuity</strong><br />
D<strong>istrib</strong><strong>utio</strong>n Information<br />
<strong>Fidelity</strong> 1 is required to send a Form 1099-R whenever money has been<br />
d<strong>istrib</strong>uted from a <strong>Fidelity</strong> a<strong>nnuity</strong> contract. You may receive more than<br />
one Form 1099-R because the information on each form is limited to<br />
one contract and one d<strong>istrib</strong><strong>utio</strong>n code.<br />
Tra<strong>ns</strong>actio<strong>ns</strong> that require a 1099-R to be issued<br />
may include:<br />
• Withdrawal(s) from your a<strong>nnuity</strong> contract.<br />
• Closing or surrendering your a<strong>nnuity</strong> contract.<br />
• Payments from your annuitized income a<strong>nnuity</strong> contract.<br />
PAYER’S name, street address, city, state, and ZIP code<br />
FIDELITY INVESTMENTS LIFE INSURANCE CO.<br />
ANNUITY SERVICE CENTER<br />
P.O. BOX 770001<br />
CINCINNATI, OH 45277<br />
800-634-9361<br />
PAYER’S federal identification<br />
number<br />
RECIPIENT’S identification<br />
number<br />
04-3174484 000-12-3456<br />
For illustrative purposes only. Certain categories of tra<strong>ns</strong>actio<strong>ns</strong> in the sample may not pertain to your contract.<br />
The PAYER information differs from the form, illustrated above, for <strong>Fidelity</strong> a<strong>nnuity</strong> contracts.<br />
Important sectio<strong>ns</strong> of the 1099-R form include:<br />
Box 1: Reports the total amount taken from your a<strong>nnuity</strong><br />
contract, including income taxes withheld, if any. Box 1<br />
does not include fees that may have been charged.<br />
Box 2a: Reports part of the d<strong>istrib</strong><strong>utio</strong>n that is generally<br />
taxable. In cases in which we know that the d<strong>istrib</strong><strong>utio</strong>n<br />
is generally not taxable (such as a 1035 exchange), the<br />
amount reported will be zero. If the box is blank, we<br />
were not able to determine the taxable amount of the<br />
d<strong>istrib</strong><strong>utio</strong>n. If there is an amount listed here, it will be<br />
reported to the IRS as taxable income.<br />
Box 4: Reports any federal income tax withheld from<br />
your d<strong>istrib</strong><strong>utio</strong>n. Include this on your income tax<br />
CORRECTED (if checked)<br />
• Exchange of your a<strong>nnuity</strong> to another company (called<br />
a 1035 exchange).<br />
• Ownership changes.<br />
1<br />
Gross d<strong>istrib</strong><strong>utio</strong>n<br />
OMB No. 1545-0119 D<strong>istrib</strong><strong>utio</strong><strong>ns</strong> From<br />
Pe<strong>ns</strong>io<strong>ns</strong>, Annuities,<br />
$ 5068.62<br />
2a Taxable amount<br />
$ 161.18<br />
08<br />
Form 1099-R<br />
Retirement or<br />
Profit-Sharing<br />
Pla<strong>ns</strong>, IRAs,<br />
I<strong>ns</strong>urance<br />
Contracts, etc.<br />
2b Taxable amount<br />
not determined<br />
Total<br />
d<strong>istrib</strong><strong>utio</strong>n<br />
Copy C<br />
For Recipient’s<br />
3 Capital gain (included<br />
in box 2a)<br />
4 Federal income tax<br />
withheld<br />
Records<br />
$ $ 0.00<br />
RECIPIENT’S name, street address, city, state, and ZIP code<br />
JOHN Q. SAMPLE<br />
123 MAIN STREET<br />
SUITE ABC<br />
5 Employee contrib<strong>utio</strong><strong>ns</strong><br />
/Designated Roth<br />
contrib<strong>utio</strong><strong>ns</strong> or<br />
i<strong>ns</strong>urance premiums<br />
$<br />
6 Net unrealized<br />
appreciation in<br />
employer’s securities<br />
$<br />
ANYTOWN, USA 12345-0000<br />
7 D<strong>istrib</strong><strong>utio</strong>n<br />
code(s)<br />
7<br />
IRA/<br />
SEP/<br />
SIMPLE<br />
8 Other<br />
$<br />
%<br />
This information is<br />
being furnished to<br />
the Internal<br />
9a Your percentage of total 9b Total employee contrib<strong>utio</strong><strong>ns</strong> Revenue Service.<br />
d<strong>istrib</strong><strong>utio</strong>n % $<br />
1st year of desig. Roth contrib. 10 State tax withheld 11 State/Payer’s state no. 12 State d<strong>istrib</strong><strong>utio</strong>n<br />
$ MA/81117448408 $<br />
$<br />
$<br />
Account number (see i<strong>ns</strong>tructio<strong>ns</strong>)<br />
13 Local tax withheld 14 Name of locality 15 Local d<strong>istrib</strong><strong>utio</strong>n<br />
987654321<br />
$ $<br />
$<br />
$<br />
0.00<br />
7 D<strong>istrib</strong><strong>utio</strong>n<br />
code(s)<br />
7<br />
IRA/<br />
SEP/<br />
SIMPLE<br />
10 State tax withheld 11 State/Payer’s state no. 12 State d<strong>istrib</strong><strong>utio</strong>n<br />
$ MA/81117448408<br />
$<br />
$<br />
$<br />
13 Local tax withheld 14 Name of locality 15 Local d<strong>istrib</strong><strong>utio</strong>n<br />
$ $<br />
$<br />
$<br />
Form 1099-R<br />
(keep for your records)<br />
Department of the Treasury — Internal Revenue Service<br />
return as tax withheld, and if Box 4 shows an amount<br />
(other than zero), attach Copy B of your Form 1099-R<br />
to your federal income tax return.<br />
Box 7: This defines how the money that has come<br />
out is reported to the IRS. For example, code 6 is a<br />
1035 tax-free tra<strong>ns</strong>fer. Please see the reverse side of<br />
your Form 1099-R for official IRS d<strong>istrib</strong><strong>utio</strong>n code<br />
definitio<strong>ns</strong>.<br />
Boxes 10–15: Reports state income tax and<br />
withholding information.<br />
Boxes 3, 6, 8, and 9b do not apply to your <strong>Fidelity</strong><br />
a<strong>nnuity</strong> contract. In addition, <strong>Fidelity</strong> does not<br />
currently complete Boxes 13–15.
Why am I receiving a Form<br />
1099-R?<br />
FREQUENTLY ASKED QUESTIONS<br />
Frequently Asked Questio<strong>ns</strong><br />
Am I required to report<br />
information contained on Form<br />
1099-R on my federal income<br />
tax return?<br />
I exchanged my a<strong>nnuity</strong> to<br />
<strong>Fidelity</strong> during 2008. Who will<br />
send me my tax forms?<br />
The IRS requires <strong>Fidelity</strong> to issue a Form 1099-R if you received a<br />
d<strong>istrib</strong><strong>utio</strong>n from your a<strong>nnuity</strong>.<br />
Yes. D<strong>istrib</strong><strong>utio</strong><strong>ns</strong> from your a<strong>nnuity</strong> are generally reportable on Form 1040<br />
or Form 1040A. You are required to attach Copy B of your 1099-R to your<br />
federal income tax return only if federal income tax is withheld and an<br />
amount is shown in Box 4.<br />
Please refer to the official IRS i<strong>ns</strong>tructio<strong>ns</strong> for Form 1040 or 1040A, or<br />
co<strong>ns</strong>ult your tax advisor for more information.<br />
If you exchanged your a<strong>nnuity</strong> to <strong>Fidelity</strong> in 2008, your enclosed Form<br />
1099-R includes only d<strong>istrib</strong><strong>utio</strong>n activity from the time you began<br />
conducting business in this a<strong>nnuity</strong> with <strong>Fidelity</strong>. You should also be<br />
receiving a Form 1099-R for any d<strong>istrib</strong><strong>utio</strong>n activity that occurred before<br />
your a<strong>nnuity</strong> was exchanged from the previous company.<br />
You are encouraged to co<strong>ns</strong>ult your tax advisor concerning<br />
the use of the information in this brochure in preparing your<br />
2008 income tax return.<br />
If you have questio<strong>ns</strong> about the information provided, please call<br />
the A<strong>nnuity</strong> Service Center, 800-634-9361, Monday through Friday,<br />
between the hours of 8 a.m. and 8 p.m. Eastern time.
I<strong>ns</strong>urance products are issued by <strong>Fidelity</strong> Investments Life I<strong>ns</strong>urance Company (“FILI”), and<br />
in New York, by Empire <strong>Fidelity</strong> Investments Life I<strong>ns</strong>urance Company, ® New York, N.Y. FILI is<br />
lice<strong>ns</strong>ed in all states except New York. The contract’s fi nancial guarantees are solely the<br />
respo<strong>ns</strong>ibility of the issuing i<strong>ns</strong>urance company.<br />
1 <strong>Fidelity</strong> refers to <strong>Fidelity</strong> Investments Life I<strong>ns</strong>urance Company, and for New York residents, Empire <strong>Fidelity</strong> Investments Life<br />
I<strong>ns</strong>urance Company, ® New York, N.Y.<br />
<strong>Fidelity</strong> Brokerage Services, Member NYSE, SIPC, and <strong>Fidelity</strong> I<strong>ns</strong>urance Agency, Inc., are the d<strong>istrib</strong>utors.<br />
451118.3.0 1.841009.102<br />
1099R-INSRT-1208